Jhandewalas foods Limited has completed the allotment of 19,94,712 equity shares through conversion of convertible warrants, marking a significant capital raising exercise for the food company. The Board of Directors approved this allotment on December 5, 2025, following proper regulatory approvals and shareholder consent obtained earlier.

Share Allotment Details

The company allotted equity shares with a face value of ₹10.00 each at an offer price of ₹71.00 per share, including a premium of ₹61.00 per equity share. This conversion of convertible warrants was executed on a preferential basis, generating total proceeds of approximately ₹141.42 crores for the company.

Regulatory Compliance and Approvals

The allotment was conducted pursuant to Sections 42 and 62 of the Companies Act, 2013, and in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company had obtained necessary approvals including shareholder consent through a Special Resolution passed in an Extra Ordinary General Meeting held on April 26, 2024, and 'In-Principal Approval' from BSE Limited dated May 29, 2024.

Allottee Distribution

The shares were distributed among six investors, comprising both promoters and non-promoters. The allocation demonstrates a mix of promoter participation and external investment in the company's growth.

Corporate Governance

Managing Director Raakesh B Kulwal, who holds DIN 00615150, signed the regulatory filing from Jaipur. The company noted corrections in the number of shares allotted to certain promoter family members in the revised annexure, demonstrating attention to accuracy in regulatory disclosures. The allotment represents a significant milestone in the company's capital structure expansion and provides additional resources for business operations and growth initiatives.

Jhandewalas Foods Limited has officially notified the BSE about the demise of Shri Bhanwar Lal Koolwal, a promoter of the company. The announcement was made on January 20, 2026, in compliance with regulatory requirements under the SEBI LODR Regulations 2015.

Regulatory Compliance and Notification

The company filed the intimation under Regulation 30 and 31A(6)(c) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification was addressed to the Department of Corporate Services at BSE Limited, with the company trading under scrip code 540850 and scrip name JFL.

Company's Statement on the Loss

In the official communication signed by Managing Director Raakesh B Kulwal (DIN: 00615150), the company expressed profound grief over the loss. The management described Shri Bhanwar Lal Koolwal's sudden and unexpected passing as an irreparable loss to the company. All directors and employees of the group have conveyed deep sorrow and condolences to the bereaved family.

Regulatory Impact and Promoter Status

Following the demise, Shri Bhanwar Lal Koolwal will cease to be a promoter of the company in accordance with Regulation 31A(6)(c) of the SEBI LODR Regulations, 2015. This regulatory provision automatically terminates promoter status upon death, ensuring compliance with securities market regulations.

Documentation and Official Records

The company has submitted the official death certificate issued by the Government of Rajasthan as supporting documentation. The certificate, issued by the Registrar of Malviya Nagar Zone, Jaipur, confirms the death registration details and serves as official proof for regulatory compliance.

The notification ensures transparency and adherence to corporate governance standards, keeping all stakeholders informed about changes in the company's promoter structure.